CSX (CSX) Misses Q3 Earnings and Revenue Estimates

Core Viewpoint - CSX reported quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.48 per share, but showing an increase from $0.42 per share a year ago [1] - The company posted revenues of $3.62 billion for the quarter, which was also below the Zacks Consensus Estimate by 1.56% [1] Financial Performance - Earnings surprise of -4.17% for the recent quarter, while the previous quarter had a positive surprise of 2.08% [1] - Over the last four quarters, CSX has surpassed consensus EPS estimates three times [1] - Year-over-year revenue comparison shows an increase from $3.57 billion [1] Future Outlook - Current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $3.74 billion, and for the current fiscal year, it is $1.93 on revenues of $14.8 billion [4] - The estimate revisions trend for CSX is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Transportation - Rail industry is currently in the top 13% of Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Canadian Pacific Kansas City, a peer in the same industry, is expected to report quarterly earnings of $0.74 per share, reflecting a year-over-year increase of 7.3% [5][6]